This Brief proposes a new theory of public economics which deemphasizes reliance on the free market and affirms the … model and why those differences matter. Building on this, the Brief sketches the elements of a new theory of the public non … transplant doesn’t work -- 5. An absence of theory -- 6. The public nonmarket: elements of a new theory -- 7. Developing an …

both public choice and transaction costs theory - have not yet provided a fully comprehensive explanation for municipal …